Orascom Telecom Holding reports 1H08 net profit down proforma 4% to $276m, on revenues up 19% to $2.7bn.
Ciena reports $253m in FY3Q08 revenues, up 24%, and 9-mo revenues of $723m (+28%). FY3Q08 net income was $12m, down 58%, while 9-mo net income was $64m, up 23%.
ADC said its FY3Q08 revenues amounted to $390m (+13%), while the income from continuing operations was down 20% to $14m. ADC is performing a share repurchase program for up to $150m.
Nokia warns of weaker consumer confidence and predicts some market share drop in 3Q08 (as it would not enter a price-war game) with a possible lousy 4Q08. Overall Nokia confirms its view of a 2008 growth of about 10%.